on the specific foreign exchange autorebateforex, only two types of trad forexbrokerrebateprogramg patterns, one forex broker rebate program homeopathic, the second is counter- forexrebatebest I say "potential", refers to the main trend based on the daily chart, which is the basis of my trading chart homeopathic trading, is our fundamental, the main type of trading we foreign exchange trader to put more than 95% of the transaction opportunity, built on the basis of homeopathic trading homeopathic trading there are two kinds: one is - with the major trend, against the medium potential, with the small potential; two is - with the major trend, with the medium potential, with the small potential above the first kind of trading, we also call it retracement buy, rebound throw short, that is: wait price fold back when entering the market; the second is a typical breakthrough transaction so-called counter-trend trading, I personally recommend, to be cautiously involved in counter-trend trading, often should have the following conditions: 1, technical indicators of divergence; 2, the original trend line breakthrough; 3, 2B pattern; 4, reversal pattern, the larger, the better; 5, the key reversal day; 6, the amount of days, etc. All of the above I said, added together, constitute Our trading method, this trading method, is the performance of our trading concept Thus, we have one of the three elements of successful trading - the method (here, implicitly, the underst cashback forexing of the market, the speculative understanding, awareness and concepts, strategies) tripod, is the need for three legs to be able to stand We also need the other two elements, to Together to participate in order to complete a successful transaction the other two legs, one is - money management (including risk assessment, measurement and management), the second is trading psychology (to ensure that our knowledge, plans can be translated into concrete action, specifically the ability to perform, control) continue to discuss how to master the essentials of trading I. How to judge Trend? Victor said in the "Principles of Professional Speculation": the trend line is the best tool to determine the trend of my personal experience, the trend line is indeed very important, is the first of all tools to reveal the trend change on the trend line, I have four topics in the blog, here will not say more only need to re-emphasize is: when drawing the trend line, must pay attention to the standard of unity not arbitrary! arbitrary, subjective, it is not tracking the trend, but self-righteous, preconceived to price speculation-based trading behavior, should track the trend as a priority so, the trend line must play the role of tracking, not to run to the front of the trend to assist the trend line to determine the trend, and the mean system, MACD, Bollinger Channel which is also my favorite tool (www.waihuibang. com) you can pick your own technical analysis tools according to your own preferences II, how to understand the timing options? Timing, must be said in conjunction with trading because different traders, different trading patterns, different requirements for timing, so, speaking of timing, first of all, to determine the type of transaction I personally divided the transaction into three categories, one is the trend trading, two is swing trading, three is the short term trading trend trading for the whole section of the main trend, from the beginning of the new trend to start, until the trend reversal trend trading The pattern is: open a position - hold a position on the way up - down (adjustment) end to add a position - continue to repeat the action of holding, adding - -The end of the trend or the beginning of the reversal of all closed positions down trend is the opposite swing trading is aimed at the main trend of each small segment of the price movement, following the direction of the main trend to make a single, do not participate in (avoid) adjustment, and do not participate in the reverse operation swing trading pattern is: open a position - the end of the rise close positions - down (adjustment) on the way to wait and see - down (adjustment) end to buy again - up end to close positions again - -and so on, until the trend ends downtrend is the opposite of short term trading for intra-day price fluctuations, is based on the minute chart This is a trading method that I am not good at I am mainly based on the daily chart, so ignore the intra-day price fluctuations, as long as the fluctuations do not exceed my stop loss range above, we say hold positions on the way up, watch on the way down, which means In the price movement on the way, we do not take action on the timing of our actions, are on the turning point of the price movement, that is: up and down (adjustment) end of this turning point, is what I call timing - trading timing three, timing in the quantitative analysis and qualitative analysis to play an analogy: in the price movement on the way to trade The equivalent of crossing the road at random in life, is a dangerous action then, how to safely cross the road? First, looking for crossroads, looking for crosswalks; second, waiting for traffic lights, waiting for the oncoming cars to slow down, stopping the reasoning of the transaction, exactly the same But, the market itself is no crossroads, crosswalks, traffic lights and other things, these, we need to do their own price "road map" set crossroads, crosswalks, traffic lights, () Traffic lights, (www.waihuibang.com) this work, belongs to the quantitative analysis, we have to be at an important price, at an important point in time, pre-set; waiting for the change of the signal, waiting for the car to slow down until it stops, which belongs to the qualitative analysis, we observe whether the price in the direction of the point we set a change (a), common quantitative analysis of the price Where is it most likely to make a turn? People who know a little bit of common sense technical analysis know: support and pressure So, what I call quantitative analysis, in fact, is a phrase: looking for support points, looking for pressure levels 1, the early, and even historically important support and pressure; 2, the use of Fibonacci series, for the price movement preset target levels and fold back to the possible stopping point; 3, the use of Ganns eight equal, and percentage, three equal, preset price fold back position; 4, observe the average system, Bollinger Bands upper and lower three tracks of support and pressure; 5, in the analysis of the point in time, in accordance with the method described in "Venn Wall Street forty-five years", from the important days, the comparison of the previous and current time period, the time period and other three aspects of the observation of price changes at key points in time all of the above, are quantitative analysis, in the process of analysis, the more appears to overlap, the more important, the more likely it is to become a real price inflection point (b) do qualitative analysis with candlesticks The above quantitative analysis is just a reference, just like intersections, crosswalks, traffic lights but drivers may not always, all the time, will consciously comply, and sometimes run red lights So, although we pre-set important time and price points, but also to observe the price of the real performance - whether the price of what we think the key position in the action here, my personal favorite tool is the candlestick chart long up and down leads, doji, small spindle line, and so on, the candlestick chart in a variety of reversal patterns, in revealing the price of short-term inflection point, has a unique, irreplaceable role IV, the capital management In this regard, I personally believe that Alexander Elders Elds "trading for a living" has been very good, but also very comprehensive, is to learn from, and even can be copied, used I will not repeat the explanation (Forex Academy www.waihuibang.com)
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Please indicate the original link for reprinting： How to judge the trend How to choose the time to trade The master tells you!
Please indicate the original link for reprinting： How to judge the trend How to choose the time to trade The master tells you!
